News coverage about Alamo Group (NYSE:ALG) has been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research group identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Alamo Group earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.5285464330527 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Several equities research analysts have weighed in on ALG shares. Zacks Investment Research raised shares of Alamo Group from a “hold” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Wednesday, September 6th. ValuEngine cut shares of Alamo Group from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Piper Jaffray Companies set a $104.00 target price on shares of Alamo Group and gave the stock a “buy” rating in a research report on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Alamo Group has a consensus rating of “Hold” and a consensus target price of $105.00.
Shares of Alamo Group (ALG) opened at $114.74 on Wednesday. Alamo Group has a 12-month low of $70.53 and a 12-month high of $119.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 4.48 and a quick ratio of 2.85. The company has a market cap of $1,341.80, a PE ratio of 27.52 and a beta of 0.96.
In other news, EVP Richard Hodges Raborn sold 2,000 shares of the firm’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $111.53, for a total value of $223,060.00. Following the completion of the sale, the executive vice president now directly owns 4,500 shares of the company’s stock, valued at approximately $501,885. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.99% of the company’s stock.
About Alamo Group
Alamo Group Inc is engaged in the design and manufacture of agricultural equipment and infrastructure maintenance equipment for governmental and industrial use. The Company operates in Industrial, Agricultural and European segments. The Company’s products include tractor-mounted mowing and other vegetation maintenance equipment, street sweepers, excavators, vacuum trucks, snow removal equipment, pothole patchers, zero turn radius mowers, agricultural implements and related aftermarket.
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